21 Articles
Aug 20, 2020 Official
Tesla's soaring stock cracks $2,000 ahead of share split

It's among the highest-priced stocks per share on Wall Street

With many investors betting Tesla will be added to the S&P 500 after a strong quarterly report last month, the stock has surged over 300% in 2020. The stock has jumped 45% just since Aug. 11, when Tesla announced a five-for-one stock split, with shareholders of record on Aug. 21 receiving four additional shares for each share they own, distributed after the close of trading on Aug. 28. Thursday's surge put Tesla's stock market value at $372 billion, greater than all but seven of the S&P

Reuters
Aug 20, 2020 Official
Ex-Uber exec charged with covering up hacking of 57 million customers' info

But he helped capture the hackers, his lawyer says

A former Uber executive was charged Thursday in federal court on allegations that he arranged to pay hackers $100,000 to cover up a high-tech heist that stole the personal information about 57 million of the ride-hailing service’s users and drivers during 2016. The criminal complaint filed Thursday against Joseph Sullivan, Uber's former chief security officer, alleges that the hackers shared the data with a third person — who may still have it. Sullivan, 52, previously served as an assistant

Reuters
Aug 20, 2020 Report
Judge grants Uber and Lyft a reprieve in California

The two ridesharing companies had threatened to shut down operations on Friday

Lyft in a blog post on Thursday said it would suspend its California operations at midnight. Uber in a blogpost said it would have to temporarily shut down unless the appeals court intervenes. Lyft shares dropped 6.2% to $26.41, while Uber shares were down 2.3% to $28.74.

Reuters
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